In my hands, yes. I think someone who's more experienced with them and/or had a higher-velocity model could stretch it out a bit further. As I'm not an archer, my "sense" of it is it should be good for the same range as a bow & arrow should.
I'll say this about the crossbow vs. a compound bow: the crossbow delivers a bolt seemingly much faster than a compound bow delivers an arrow. That's my anecdotal, side-by-side comparison at an outdoor range this summer. My son and his buddy - both compound bow hunters - responded with "holy shit - that thing's FAST" when I fired my first bolt at the target. Sumbitch blew threw the target and shredded a couple of fletchings right off the bolt, too.
And I realize this is a one-size-fits-all observation and there are undoubtedly compound bows that fling an arrow faster than my piece of shit crossbow spits a bolt, but its the only comparison I have so ... there it is.
If I had as much money as
@Jim14510 or
@God is a Husker, what crossbow should I be putting on my (self-purchased) Christmas list?